Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 52-Week High – Here’s Why

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares hit a new 52-week high on Monday . The stock traded as high as $33.14 and last traded at $33.21, with a volume of 30309 shares trading hands. The stock had previously closed at $32.87.

Franklin FTSE United Kingdom ETF Stock Up 1.2%

The company has a market capitalization of $933.22 million, a price-to-earnings ratio of 15.48 and a beta of 0.75. The company’s 50 day simple moving average is $32.31 and its two-hundred day simple moving average is $31.25.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Large investors have recently modified their holdings of the business. Bell Investment Advisors Inc raised its holdings in shares of Franklin FTSE United Kingdom ETF by 13.3% during the first quarter. Bell Investment Advisors Inc now owns 4,557 shares of the company’s stock worth $131,000 after purchasing an additional 536 shares during the last quarter. Meridian Investment Counsel Inc. grew its position in Franklin FTSE United Kingdom ETF by 0.9% during the 3rd quarter. Meridian Investment Counsel Inc. now owns 66,925 shares of the company’s stock worth $2,162,000 after purchasing an additional 600 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Franklin FTSE United Kingdom ETF by 79.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock valued at $48,000 after buying an additional 686 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 9.4% in the 1st quarter. Cetera Investment Advisers now owns 8,482 shares of the company’s stock valued at $243,000 after buying an additional 731 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Franklin FTSE United Kingdom ETF in the second quarter worth about $25,000.

About Franklin FTSE United Kingdom ETF

The Franklin FTSE United Kingdom ETF (FLGB) is an exchange-traded fund that is based on the FTSE UK RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies from the United Kingdom. FLGB was launched on Nov 2, 2017 and is managed by Franklin Templeton.